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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2610 Stephens Rd Groveland, FL 34736

    • Commercial real estate
    • 20.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4435342
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2610 Stephens Rd

    Lot size
    20.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 20-acre property in Groveland, Florida, presents a unique opportunity for residential development. Located at 2610 Stephens Rd, in Lake County (zip code 34736), this land is zoned A and offers ample space for various residential projects. The expansive lot is fully fenced and cross-fenced, creating dedicated pastures, perfect for equestrian enthusiasts or livestock. A significant feature is a substantial outbuilding capable of housing at least half a dozen vehicles. The property also includes a 5-bedroom, 2-bathroom home, providing immediate occupancy or potential rental income. The home's yard is secured with chain-link fencing, ensuring both security and pet safety. This location boasts convenient access to amenities, situated just 11 miles from downtown Clermont, offering a variety of dining, entertainment options, and access to the Chain of Lakes for boating and beach activities. Enjoy the best of both worlds with easy access to Florida's renowned beaches, approximately 90 minutes to either coast. The asking price for this remarkable property is $575,000. This is a rare opportunity to acquire a substantial residential parcel in a desirable location. Don't miss out on this chance to build your dream home or develop a thriving residential community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Groveland
    County
    Lake
    State
    Florida
    Longitude
    -81.9114445
    Latitude
    28.5379746

    Comparable in this City

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    • $600,000
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      Groveland Industrial Park Investment

      38.6 Acres, $8M Asking Price
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    • $295,000
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      Nearly 5-Acre Ready-to-Build Land

      4.88-acre property with utilities in place, ready for building.
      8449 Bay Lake Rd, Groveland, FL 34736
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    • $525,000
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      Lakefront Land on Clermont Chain

      Exceptional lakefront homesite on Cherry Lake with access to amenities.
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    • $575,000
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      32+ Acre Groveland Land Parcel

      32+ acre property near Florida Turnpike, perfect for dream home.
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    Similar Nearby for Sale

    • $650,000
      9.32 Acres

      Lakefront Land in Groveland, FL

      9.32 Acres, 243' Lake Frontage
      0 Obrien Rd, Groveland, FL 34736
      View Details
    • $600,000
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      Groveland Industrial Land - $600K

      1.36-acre lot, Light Industrial zoning. Ready to build.
      20539 Independence Blvd, Groveland, FL 34736
      View Details
    • $8,000,000
      38.60 Acres

      Groveland Industrial Park Investment

      38.6 Acres, $8M Asking Price
      26630 County Road 33, Groveland, FL 34736
      View Details
    • $295,000
      4.88 Acres

      Nearly 5-Acre Ready-to-Build Land

      4.88-acre property with utilities in place, ready for building.
      8449 Bay Lake Rd, Groveland, FL 34736
      View Details
    • $525,000
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      Lakefront Land on Clermont Chain

      Exceptional lakefront homesite on Cherry Lake with access to amenities.
      Cherry Lake Rd, Groveland, FL 34736
      View Details
    • $575,000
      32.47 Acres

      32+ Acre Groveland Land Parcel

      32+ acre property near Florida Turnpike, perfect for dream home.
      County Road 48, Groveland, FL 34736
      View Details

    Similar Nearby for Lease

    • $3,410,500

      Groveland Land for Lease/Sale

      Land available in growing Groveland, Florida, near Clermont's US-27.
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    • $4,000 /Mo
      140,699 SF

      Fenced Land in Pretty Lake Ranch

      Nearly 5-acre fenced tract ideal for agriculture or retreat.
      9070 State Road 33, Groveland, FL 34736
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    • Contact for pricing
      1 SF

      Groveland Retail Land Opportunity

      High-profile, 12.69-acre retail site.
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    • $16 SF/Yr
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      Groveland Flex Space For Rent

      Flex space available for rent in Groveland, Florida.
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    • $105,600

      Spacious Warehouse with Office Space

      8,800 sq ft warehouse with offices and ample parking.
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    • $16 SF/Yr
      1,500 SF

      Groveland Flex Space For Rent

      Flex space available for rent in Groveland, Florida.
      1512 Max Hooks Rd, Groveland, FL 34736
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    2610 Stephens Rd
    Groveland, FL 34736
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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